Quote:
Originally Posted by Keith True
The buyback can be an eye opener for people with old cars.With modern cars a lot of times the car can be bought back for pennies on the dollar sometimes.By the time the insurance company pays towing,storage,has it hauled,does the paperwork,etc.a lot of times it is better for them to just keep a little of your settlement and walk away.It doesn't work that way with old cars.For the most part they have a very good chance to recover a big piece of change,so they do.You do have the chance to bid on it like everybody else.Cherished value from Hagerty just became available in N.H.It will go into effect on my cars next month.I bought my 30 Coupe back after it was in a fire,but it was a true total loss.For them to hire equipment to dig it out from under a burned house was just cost prohibitive.
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Keith, what is Cherished value?